UK Charities Lose 1.65 billion GBP a year due to Cyber Crime


03 Sep 2015

UK Charities Lose 1.65 billion GBP a year due to C...

UK based charities are estimated to lose £1.65 billion a year to cybercrime as fraudsters and criminals see the sector as an easy target.

The charity sector is particularly vulnerable to Phishing attempts and Malware due to the number of emails that are typically sent and received to donors. A lack of understanding regarding the cyber threats and poor education of staff also make charities vulnerable to scammers.

Charity organisations need to think about how they can protect themselves, the first and most important thing they can do is to educate their staff at all levels on how to be safe online. Education of the tactics used by cyber criminals and ways on how staff should conduct themselves securely are also vital, after all it only takes one person to let slip an organisation’s security details to the wrong people. Such a slip in security measures can lead to a fraudster stealing a charities money.

How to avoid being scammed

As well as educating staff there are a few methods to limit the chances of falling victim to scammers.

The most common method used by fraudsters is Phishing which sees fraudsters sending emails in the hope of obtaining a charity’s security details or steal someone’s personal information. Files attached to these emails often contain malware that can infect a computer when opened. Always be cautious of attachments and links in emails, especially if they send you to a banking website that asks for passwords and PINs. Real banks would not ask for such details.

Malware found in the links of malicious emails can introduce Trojans which record and send information typed on a keyboard. Passwords and credit/debit card details are the most sought after prizes for a scammer. To avoid this threat, an organisation must ensure that their computers are kept up to date with the latest anti-virus and firewall software.

The best and most effective way of avoiding being scammed is simple. Never give your personal or banking information to anyone you do not know.

Don’t become a target, invest in protection and seek the advice of the professionals such as those at PGI Cyber.

Share this article

RISK PORTAL

Your free global geopolitical
risk dashboard

PGI’s Risk Portal tool provides daily intelligence feeds, country threat assessments and analytical insights, enabling clients to track, understand and navigate geopolitical threats.

The Risk Portal gives users up-to-date information and analysis on global affairs.

The Risk Portal allows users to visualise information in a unique and instantly understandable way. Mapping filters enable the visualisation of incidents by threat category, time period, perpetrator and target type.

Risk Portal users can upgrade their accounts to include the Report Builder and Country Profile Generator features. The Report Builder allows users to select information, data and images from the Risk Portal and create bespoke reports and emails.

Subscribers to PGI’s Bespoke services receive tailored analysis on specific sectors and geographies of interest, delivered at a frequency they determine.

Visit the Risk Portal

Subscribe to our Cyber Bytes Newsletter

Keep yourself in the loop with PGI by signing up to our Monthly Cyber Bytes email. You will receive updates, tips and narrative around what has been happening in the world of information security.

Get in touch today

For more information on how we can help you or your business, please contact us via:

Related News

CISMP, CISSP and CISM - what's in an acronym?

20 Mar 2017

There is a wide range of different security courses available, and a mind-boggling array of certific...

Read news article

International Womens Day - Pioneering Women in Tec...

08 Mar 2017

Pioneering Women in Technology – Katherine JohnsonThe Oscar season has been and gone. The...

Read news article

Law Firms and why they need cyber security

06 Mar 2017

Suffering a data breach can be devastating for any company but for law firms the impacts can be part...

Read news article
Back to the News Hub

Follow us

+44 (0)207 887 2699
©2017 PGI - Protection Group International Ltd. All rights reserved.
PGI - Protection Group International Ltd is registered in England & Wales, reg. no. 07967865
Registered address: Cascades 1, 1190 Park Avenue, Aztec W, Almondsbury, Bristol BS32 4FP